International assets, excluding assets of the State Oil Fund of Azerbaijan fell in May this year by $ 8.54 million or 0.1%, to $ 11,492.29 million. In relation to the beginning of the year this figure rose by $ 328 57 million or 2.9%.
According to the Central Bank of Azerbaijan, in the structure of international assets in the reported month funds in various currencies (principally U.S. dollars and euros) increased to $ 11,260.06 million. The cost of basket of special drawing rights (SDR), which pays Azerbaijan's share in the authorized fund of the International Monetary Fund, decreased by 12% to $ 232.33 million.
For the annual period the country's international assets increased by $ 3312.45 million or 40.5%.
Economics
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The Azerbaijani government has adopted new guidelines to facilitate employment for individuals with special social protection needs and those facing difficulties in securing jobs. The resolution, approved on December 29 by the Cabinet of Ministers, outlines targeted programs aimed at job creation through public-private collaboration.
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The Cabinet of Ministers of Azerbaijan has approved new regulations to facilitate targeted employment programs aimed at supporting individuals with special social protection needs and those facing employment challenges. The measures, under the State Employment Agency, seek to enhance job creation in priority economic sectors.
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The Cabinet of Ministers of Azerbaijan has announced key amendments to various regulatory acts to ensure compliance with the law adopted on May 24, 2024, aimed at updating the Tax Code, the Customs Code, and laws on state duties and licensing.
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The Azerbaijani Cabinet has implemented significant changes to energy regulations in line with new laws aimed at enhancing the country’s electrical infrastructure. A decree signed by Prime Minister Ali Asadov on December 29 introduces amendments to several prior governmental decisions and cancels previous regulations, including a key rule on electricity production and equipment operation limits.
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